News

Advisers must factor in CGT complexity

July 24, 2017

Capital gains tax (CGT) relief available to SMSFs looking to comply with the newly imposed transfer balance cap will have to be applied on a case-by-case basis, creating further complexity for advisers and trustees in the preparation of fund accounts, a technical services manager has said.

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ATO

ATO anticipates NCC transition issues

July 24, 2017

Krystine Lumanta

The ATO has flagged the transitional rules for non-concessional contribution (NCC) bring-forward amounts as an expected pain point as SMSF advisers continue to work out in which financial year the rule was triggered in line with their clients’ total super balance.

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Investments

India must be key growth focus for SMSFs

July 24, 2017

Krystine Lumanta

SMSF trustees and advisers need to recognise the opportunity for growth in India as portfolio exposure to the world’s fastest-growing major economy has been relatively slow.

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Business News

Collaboration inspires confidence: SMSFA

July 24, 2017

Krystine Lumanta

The SMSF Association’s chief has underscored the importance of collaboration between all sectors of superannuation in order to boost confidence in the $2.3 trillion retirement savings system.

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Business News

Govt seeks housing affordability submissions

July 24, 2017

Darin Tyson-Chan

Treasury has called for submissions in relation to the draft legislation governing the First Home Super Saver Scheme and the downsizing contribution measures contained in the 2017 federal budget.

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Auditing

BGL names audit integration partner

July 24, 2017

Krystine Lumanta

BGL Corporate Solutions has announced Evolv White has been integrated into its Simple Fund 360 software.

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Auditing

Audited feeds aid real-time reporting: Class

July 24, 2017

Krystine Lumanta

Class has delivered audited data feeds for its SMSF administrator and auditor users in preparation for real-time SMSF reporting.

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Retirement

Is your SMSF retirement-ready?

July 24, 2017

Robin Bowerman

A landmark stage in the life of an SMSF is when at least one its members moves from the accumulation phase to retirement phase.

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Compliance

SMSF Association welcomes TBAR paper

July 23, 2017

Krystine Lumanta

The SMSF Association has applauded the ATO’s decision to seek industry feedback on a quarterly option for events-based reporting under its transfer balance account report (TBAR) regime.

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Business News

SMSF Association chief reveals big initiative

July 19, 2017

Krystine Lumanta

The SMSF Association has announced it will establish a global centre of excellence for retirement savings, the body’s first major initiative under new chief executive John Maroney, who came on board in May.

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